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and eastern europe -- berlin, prague, vienna, budapest, belgrade, bucharest. all of these famous cities and the population around them lying in rubble -- lie under the soviet sphere. >> why did you want to talk about this? >> i was inspired in my first book, and while this is in no way a sequel it represents thoughts i had. one thing i got interested in is the question why no people went along with it. what is the mentality? what are institutional pressures? why do camp guard do what they are told to do? i decided to write about this period right after world war ii, because it was a time the soviet union had reached a height, there was an apotheosis of stalinism. it was reinforced by the experience of the war. by 1945, it was a fully developed system with an economic theory and a clear ideology, and it was at this moment the red army marched into central europe and began imposing that system on the central european states, so you can see how from scratch -- what did the soviets think their system was? what did they think was important, and how did they try to carry it out? >> where did
eastern europe? anything? >> one of the things that happened since 1989 is the region we used to call eastern europe has become very differentiated. these countries no longer have anything in common with one another, except a common memory of communist occupation. poland is as different as greece is from some land. europe is now divided in many ways to -. there are a few elements of the communist past you can see. there is a paranoid element in politics that comes from the legacy of people being spied on and having lived in an oppressive system. they are more paranoid about secret deals behind their backs, because secret deals were done behind their backs, and that is understandable. there is an anxiety about being left behind in the west. the memory of the past continues to play out, but in truth, these countries are more different from one another than they are similar. >> you through -- you chose three of eight countries behind the iron curtain? >> it depends on how you count. >> what were the three democrats i chose to poland, hungary, and east germany. they have different histori
in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says it intends to sell the rest of its stakes in gm in the next 12 to 15 months. the automaker will buy back 200 million shares from treasury for $27.50 a share. treasury says it plans to sell its other remaining shares through various means in an or
morning. all right. coming up new at 10, germany's chancellor angela merkel says europe will have to work very hard to it maintain its current standard of living. at the top of the hour, find out what she's saying about welfare and here is another development from overseas. we brought you the story last week, french actor gerard depardu, he is leaving home, leaving france because of higher taxes and handed in his passport. now, the french prime minister has some choice words for mr. depardu. he's obviously in the happy with him and find out exactly what he said at ten o'clock eastern time this morning. time is money. 30 seconds, here is what else we've got for you, an in japan, again, a landslide win, so, what's the new prime minister going to do about the world's worst debt problem? print more money and stimulate more, too. build more infrastructure. will that work? we have our own resident japan expert. question, is jeff immelt's cozy relationship with the president costing general electric shareholders money? we will be discussing it. and i lost on friday when i questioned "the washing
. >>> and corporate news weighs on sentiment across europe. kpn shares fall after dividend and greco stocks plunges as analysts cut their outlook for the uk power group. >> okay. welcome. it's the start of a brand new week here on "worldwide exchange." and don't adjust your set, kelly and i are together. >> for once, for a day. >> but make the most of it because it won't be lasting. >> if only there were a slo-mo. >> i'm going to enjoy as much as i can of today. >> and likewise. and then we're going to have to get all of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. record it and fast forward to the good bits. >> yeah. >> it will be 2:00, 3:00 in the morning or whatever. >>> on today's show, plenty to come on. >> yes. the south american union faces ejection from the imf for allegedly cooking its books about the innation rate. we'll head out to europe where the swiss banking giants could be facing $1.6 billion over libor rate rigging allegations. >> and we'll be on the floor in beijing where china's
without $1 trillion in stimulus. in europe the stimulus stopped working in 2012. in 2013 the stimulus is just not going to make an impact. these more wealthy people that will be spending will be hit by more taxes and they will slow down and i think that you're going to see the economy be much worse in 2013, but, you know, we may get more stimulus first in china and europe so i think it's going to be see-saw first half of 2013 and then i think the markets will head down seriously in the second half of 2013. >> but, again, to his point, the wealthy includes savers, both corporate and individuals, grandma and grand past the fed is killing them. >> killing them. >> so if we don't reball the equation, i don't think we'll make any progress. >> very, very important insights. gentlemen, appreciate it. >> happy new year. >> let's hope it's a happy one, guys. thank you. >>> meanwhile, dallas federal reserve president richard fisher saying congress should borrow a book from its playbook to strike a deal on the fiscal cliff. >> we get things done. we make a decision, and we proceed. >> we'll disc
for shorter, thinner trees, as europe and america have themselves a slightly more frugal christmas. across the industry, sales are expected to fall 15% compared with last year, so the businesses that are doing best are the ones that can adapted to the new reality. this luxury plastic tree used to be popular, but this year, this factory boss tells me the thinner trees account to a to two-thirds of sales to his european customers. it is not just trees. some factories report that foreign customers are buying smaller bobbles, too. amid the gloom, the chinese christmas factories are looking for sales in a surprising place, the domestic market. more and more people are following christmas traditions and others. this man tells me, "i want to set up my own christmas decorations store one day." as europe and america become, well, a little more scrooge like, they need their own people to be the source of glad tidings for christmases to come. bbc news. >> well, china, the country has been giving the song "gangnam style" a bit of a makeover. >> at this be marked -- at this theme-park. that song is a w
talked about that ubs story. that's a massive, massive fine. one of the biggest banks here in europe. yes, there have been a lot of press speculation about the side of the fine, but it's three times bigger than the fine ba barclay's was fined. ubs also admitting to criminal wro wrongdoing in japan. >> how are global markets doing at this hour? >> well, actually global markets are up. they're cheering, you know, the fact that there could be a fiscal cliff deal between democrats and republicans. look, we've got european markets close to year highs, the cac and dax at 52-week highs. this is more related to the expected aggressive monetary easing by the boj, but even the u.s. markets, the s&p 500 at a two-month high. >> i'm curious, we never really know how the fiscal cliff conversation plays out overseas. is it something that moves the needle in the markets in europe and asia? >> absolutely it does. given that, you know, in terms of european risk, everything pretty much done and dusted. we don't have much more european event risk until the end of the year, this is what we're focusing on. eve
of uncertainty. so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if you can get china and europe doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be sign
murder rates. we have lower murder rates in other parts of the country than even in europe. than even where you come from. but what has created a problem in the united states, is to say in cities and schools, those are areas where we're not going to allow them to defend themselves? >> what is the murder rate in great britain for the last three years? >> it's under 3 for 100,000. >> just give me a number. >> it's actually .3 per 100,000. about a tenth of what it is in your vaunted english bucolic country, sir. the fact of the matter with guns comes safety. if the guns are in the hands of the good guys. when you say the good guys can't have guns, the bad guys have a monopoly and horrible things sufficient as shootings at schools take place. >> the ar-15 as we've seen in the last three shootings, aurora, the shopping mall in oregon and now sandy hook, the preferred weapon for young men who want to transfer hundreds of bullets of rapid fire if you have the right magazines. the president has stated he wants to ban weapons like this. what is your view? >> i think we need to ban gun control
to happen in europe about the future whether their taxes are going to go aboard not. the problem is if you are holding on to your cash because darrell issa fear you are losing money. is that -- can you get that message out? is there a way to address the people who are so fearful, who don't want to risk a lot of their money but to recognize it just to leave it stand is not helping them at all. >> i appreciate your question. this gets to the heart of the question. people getting so focus on the fiscal cliff that they are missing the big picture. the big picture we are delivered in one way or the other when you think of things in three frameworks the the supergood growth middle and growth dealing with fiscal the leveraging in a small amount and the downside of the fiscal cliff. the first category is not something we can really obtain. the other two are the more likely categories and they are the way to invest in those areas and the portfolio of getting returned in those areas -- [talking over each other] liz: they fan your portfolio. >> they need to give away the more distant up side. don't b
, businesses started cutting back aggressively. and i think that was partly because of concern over europe. conference over china. businesses are running very, very clean right now. i do think there's capacity. >> and maybe that business investment will help the consumer who will feel the pinch of higher taxes? >> that's the hope ultimately is that you get that multiplier. businesses and corporations have been doing well, they have cash on the balance sheets and they start lending. i think one of the other crucial components is credit creation. it can't just come from large corporations. it has to come from medium and small bess. >>> coming up, bob doll gives us his outlook for the fed. linking rates to the unemployment rate. then at 8:00 eastern, a cnbc exclusive, david tepper, one of the world's top performing hedge fund managers will give us some of his investing wisdom and what will be a can't miss "squawk box" interview coming right back. [ penélope ] i found the best cafe in the world. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perf
. >>> record breaking cold weather blankets part of eastern europe. the rescue effort to find hundreds trapped. >> arrests are made in an explosion in indianapolis that killed two people and leveled dozens of homes. how a scheme to get out of debt led to the deadly blast. >> and i'm still tracking some downpours on live storm tracker 2 radar. our next system racing toward the bay area. when the heaviest rain bans arrive. your christmas forecast. [ boy's voice ] hey guys...what're you doing? [ girl's voice ] we're gonna have lunch together. what're you having? oh, well, i only have this one, so... that'll do, i'll split it with sally. yea, we'll just share it. [ male announcer ] get your own subway steak melt, like the steak & bacon melt. subway. eat fresh®. saying thanks is a great deals customer appreciation month at subway restaurants. because we're offering $2 six inch subs -- the cold cut combo or meatball marinara. $2 each, all december long. appreciation tastes amazing! hurry in for your $2 sub. subway. eat fresh. >>> a record breaking bitter cold is blanketing eastern europe. at least
things worse. europe is doing it, southern europe. it keeps raising. the economy contracts even more. about to go in recession. japan raising taxes. why in the world we would apply that poison to ourselves. lori: that is the ultimatum from the white house, as you know. because of the president's reelection they have the leverage. so are the republicans going to have any choice but to cave especially on the issue of raising taxes for higher-income americans? >> well, there are small business owners. 63 percent, and people who create capitol, invest capital. we have seen in europe and france especially, that kind of thing does not work. he does not have a mandate to hurt the economy which is the way the republicans should phrase this thing. why harm the economy now. lori: edges of the economy fall off the cliff to iraq or raising the tax on the wealthy. >> with the republicans should do, making the point they're raising taxes is a bad thing to do, let's postpone this bank. better to do that than to give poison to the patient now. our economy is starting to slow again. give people pause
right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking
done very good so far. >> that's interesting, because europe has taken a back seat to many soft other issues. you still worried about europe? should that be part of our investment idea portfolio? >> as david said, that's improved dramatically, too, and it's really taken a back seat, so i would say, as david said, that some type of deal is priced into the market. >> let's do it this way. your single best idea to invest in, and then i'll get yours. >> financials, not necessarily the big banks but bank of new york melon. >> why? >> a processing bank, because it's the cheapest sector. a lot of momentum going for it right now. >> even the low rate that hurt their bottom line because it's tough to lend and borrow at such low rates. >> keep in mind, bank of new york melon, they are a processing bank so lending is not that big a deal to them. >> profit, production and personal income are the three things to watch, the three ps. >> what's your single best? >> our single best idea is apple computers. >> still? >> yes, and johnson & johnson? >> they are barbell. >> down 9 out of the last 11 week
a smaller place. we supported the marshall plan that helped europe regain its strength. and pioneered the atm, so you can get cash when you want it. it's been our privilege to back ideas like these, and the leaders behind them. so why should our anniversary matter to you? because for 200 years, we've been helping people and their ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> so is president obama's labor relations board biased on behalf of big labor and their union bosses? that's the consensus of the new congressional report. joining us now is house oversight chairman, republican darrell issa of california. chairman issa, as always, welcome, sir. the headline story here is that the nlrb is bias in favor of unions and their bosses. that's not a shocking headline. but i just wanted to hear some of your key points. what's your most important point in your investigation? >> i think one of the most important discoveries was that there were inappropriate rule violations, what they call ex parte discussions that went on where you actually have the p
off in europe it's made its way over here. how many times have we tossed away that broken coffee machine and bought a new one. inspiring others fix those broken household items. >> everything old is new again at the west seattle fix it collector. >> a group of that's like to get together and help each other fix whatever we own. >> from sewing machines to fans to lawn mowers, if it is broke they will try to fix it repair groups have flourished in europe and spreading to the united states. >> i like the idea of reusing something that has already had a life, already been built and created most of its environmental foot prints. >> members of the fix it collectors in brooklyn help people save the planet and a buck or two. >> throw away culture motivates a lot of us to come here and try to fight it. the economy definitely played a role. minute it breaks or the newest gadget comes out they have to get the new one and throw the old one away. it's expensive and what are we doing to the planet. >> so big in europe they attract up to half a million dollars in grants. not so here in the unit
and dangerously close to depleting fish stocks, especially cod. >> of fishermen around europe say their fleets have already been cut and many jobs lost. policy makers in brussels will have to hammer out a plan that balances commercial interests and brings fish stocks back on track. >> returning to the dutch port after a week of fishing in the north sea. he is only licensed to catch one kind of fish. eu ministers responsible for fisheries say quotas are necessary to protect fish stocks. >> for us, it is about sustainable fishing policy, which is based on the maximum sustainable catch. >> it sounds environmentally friendly, but it results in edible fish being thrown overboard. fisherman dump the unwanted fish that get caught in nets. it does not make much ecological or economic sense. millions of euros are thrown out every year. environmentalists are calling for brussels to enact a throwback band. >> a fisherman has to bring what he catches into port. that would put pressure on the fishing industry because they only want to bring back the valuable kinds. >> in short, throwing good fischbach to s
and the mayors say it will be the flagship of the grain movement in europe. not everyone is so enthusiastic. >> of course i think about the environment, but i'm afraid the dozer -- that those that are used to traveling by car will not use the system. >> if the price of fuel was hired, people might not use car s, but people will not use it just because it is free. >> i do not think it really is free, because we are paying taxes. >> three-quarters of voters backed the proposal in a referendum. ho only one-fifth of those eligible took part in the polls. -- only one-fifth of those eligible took part in the poll. the opposition here says this is less about the clean environment, and more about political hot air. the mayor denies he is simply trying to win votes and says the scheme will pay for itself by attracting more business. >> i want it to be the green capital of the eu. >> some estimates say it costs $19 million, the waste of public money. >> there will have been no significant decrease in car transportation, or increase in public transport. that is why it is political. >> it is an idea th
people have to talk about the fact that essentially all these attacks in both the u.s. and europe are currently where guns are banned. >> we appreciate your perspective tonight. >> in the wake of friday's shooting in newtown, will the gun history face legal troubles like the tobacco companies did one time? mary thompson tackles that area. good evening, mary. >> good evening, joe. given the ongoing investigation into the rampage that killed 20 children and 6 adults, it's premature to say what legal action might be taken. when and if it is, it won't be an easy task. the 2005 protection of lawful commerce and arms acts pro secretaries manufacturerss are distributors and dealers from liability if others their probably. this makes it virtually impossible to seek damages from the gun history. another option is suing if the dealer was founding to negligent in selling the gun and if there are signs of negligence in the gunies design. you could argue that added safety features are needed. a feature like say an authorization technology in a would prevent someone from being used by someone o
, particularly if you were in northern europe. cold, depressing. there was not a whole lot of hope. you know, today, we get beautiful poinsettias sent to us and we have flowers at christmas time. back in the day, they tpt have special delivery overnight -- they didn't have special delivery overnight. dave sort of diamondback time. >> so they said, until we get all those things, we'll set up a little wreath. it was really to mark hope in the coming season that there would be growth of crops and all that kind of stuff. originally, the wreath was made of some greenery, had candles in it. there would be four candles, one candle in the middle and it was looking ahead. >> it was a celebration of the winter solstice more than it was a celebration of christmas. they think the actual wreath that we are so familiar with comes from the ancient roman times when the aristocrats of the roman era would wear what we all commonly know as a wreath on their head. a crown on their head. >> like a crown. >> yeah. so they think that is where the wreath came from and then the wreath has come to symbolize a lot mor
or pertain to europe or all of it? >> it pertains it a variety of things. first of all, ingenuity of u.s. corporations is outstanding. they got lean, mean and made money. profit margins went it a record high. now they are under pressure. so i'm not sure if we can keep that same level of high level profit margins. i think have you wild cards in europe and certainly we are very reminiscent of the debt ceiling fiasco we saw last year. >> yes, yes. all right, thank you, arthur. dear friend. >> my pleasure. >>> now to brian with the market flash. bri some. >> shares of aig up about 3%. their asian interest aia, basically going to get about 6 billion plus in terms of net on that deal so they will be out of that position. if you put into account, being out of their commit many to the u.s. government now putting cash in the bank to the tune of 6 to $6.5 billion, aig continues to look stronger every single day. up about 50% year to date. back to you. >> thank pup next half hour. bonds, are they in a bubble ready to burst? many thought it would happen this year, and they were wrong. we will disc
it is in europe or in asia. and i don't know personally how you grow a real economy without being able to produce goods in a competitive way. i think that it's important to also understand that there are so many factors that go into the adequacy of an educational system. you've referred to consolidation. absolutely critical. and new york state, 650 school districts. a lot of them, each of whom has their -- has one school bus or some of whom have one school bus and a commissioner transportation. >> oklahoma as tiny as we are have 521 school districts. >> that is a very tough nut politically. because education is always local. and always wants to make sure her kid gets on the football team. and it's hard to change that. but there's enormous, enormous redundancy in expenditures there. and that has to be addressed. also, the nature of the population varies. and that has an impact on the quality of education. and the ability of schools to teach. and the same time we have to recognize that 50 years ago, we had -- there weren't very many opportunities for women. there weren't very many women running sta
stocks and europe. we are going to change the tone here. it is up about 7% at the moment, folks who look at this and look at it very carefully say it is broken through key resistance levels. hedge funds managers cut their short place that they put on this one, they say the stock has broken out of a pattern. this is a v shaped bottom. now it is jumping. ljubljana helping nokia. up 7% today. dagen: it is time to make money with charles payne. charles: global shipping, you guys remember a couple years go this was unstoppable. jingo is one of the big players in this whole space. they have 62 of all types and sizes. i know we spent so much time talking about europe and greece. the rest of the world is absolutely on fire, where people obviously focus on is china. in september, they approved infrastructure projects. love the way the stocking is acting the last couple of days. dagen: you are bullish on the global economy. charles: for a while now. connell: you are not worried about china athol? charles: i think china is going to continue to be on a roll. i am also impressed with brazil, indones
in eastern and central europe that are struggling to not only become members of the european union, but to join the north anti-ic treaty organization because they -- atlantic treaty organization because they are still seek a chance to be free from that kind of repression. i'm reminded what took place during the 2008 olympics, summer olympics, in georgia when we saw the incursion from putin's russia into georgia over the break away regions, and we continue to see lots of threats. it is a very dangerous world. very dangerous world. tragically, plato said only the dead have seen the end of war. and i remember this, we saw the demise of the soviet union, the kremlin, berlin wall, many of us did believe, and it was famously wrote about the end of history believing that political pluralism, rule of law, and self-determination, and democratic institutions would thrive all over the world. well, it hasn't quite worked out that way in the last couple of decades. and we all know what the consequences of those threats have been for the first time ever. we had the kind of attack we did on septe
. really appreciate it. >>> it's kind of a blue christmas across much of europe. we are talking about the government's cut back on spending. instead of helping, we'll tell you how it actually spread the recession there. are everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid incredible 4g lte by htc for $49.99. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >> i'm saying to all of my family in trenton, njdz, i miss you all and love you all. if you missed, it's your fall. should have watched it. bye-bye. >> thank you for your service, car
in their friday trading. most by about 1%. markets across europe were also weaker in early trading. we'll have a lot more of this coming up later in the broadcast. >>> and the nation pauses today to remember those killed just one week ago in newtown. >> what a remarkable week it's been. among those is the first lady, who has written a letter in this morning's "hartford courant." she writes, may the memories of those beautiful children and those heroic adults be a blessing for your community and for our country. >> and for more on the somber ceremonies, we're joined by wendy gillette in newtown. good morning, wendy. >> reporter: good morning, rob and sunny. newtown is a very different place. one week ago, at this time, it was a different place. a quiet, small town where violence was extremely rare. now, as the nation continues to heal after the massacre, many will pause this morning to remember what was lost. bells across connecticut will toll 26 times at 9:30 this morning, marking the exact moment when terror invaded sandy hook elementary school. governor dan malloy called for a moment of sile
of europe and the european union to designate hezbollah as a terrorist organization and so forth. the presiding officer: is there objection to proceeding to the measure? without objection. mr. reid: the ask the senate proceed to a voice vote on the adochghts resolution. -- on the adoption of the resolution. the presiding officer: is there further debate? if not, all in favor say aye. those opposed say no. the ayes appear to have it. the ayes have it. the resolution is adopted. mr. reid: thanks, mr. president. i ask further that the preamble be agreed to, the motion to reconsider be considered made and laid on the table, that there be no intervening action or debate and that any statements related to this matter appear in the record at the appropriate place as if given. the presiding officer: without objection. mr. reid: i ask unanimous consent the senate proceed to h.r. 1845. the presiding officer: the clerk will report. the clerk: h.r. 1845, an act to provide a demonstration project providing medicare coverage and so forth. the presiding officer: is there any objection to procee
phone is or isn't selling. samsung dropping some of is demands against apple technology in europe. dealer incentives on pick-up trucks getting better, general motors offering up to $9,000 off a glut of chevies, and pick-ups, close to $4500 over 2013 models. live at the new york stock exchange, i'm jane king. >>> it is cold this morning. going to get colder? >> yes we will have frost tomorrow morning just about all areas not this morning mainly north bay valleys, apologize, i for to mention, 80 and 50, you need chains. -- some of the clouds hugging the sierra this morning bringing snow there, you can see how unlimited the visibility is right now. let's look at live doppler 7 hd, spinning on top of mount st. helena over the ocean checking out storms that are out there and falling apart as they head towards our neighborhoods. mid to upper 30s fairfield, napa, santa rosa, concord, low to mid 40s for the rest of us, half moon bay warm spot at 48°, upper 30s, watsonville, santa cruz low to mid 40s gilroy and salinas, monterey warm spot, 49. today partly cloudy, showers over the ocean, freezing
's on deadline to create works for collectors in europe and san francisco. >> california today honored 30 sacrifice in the line of duty. flags flew at half staff over the state capitol during ceremonies included calling family and friends for fallen officers. california peace officer's memorial foundation used this tribute to urge californians to become organ donors. friends and family will be names are in vial autos fire officials put out list of hild holliday dos and don'ts. don't forget to water the christmas tree. today they lit a tree to see how quickly it could burst into flames. officials held a show and tell. and candle next to a drape turned this room into an inferno. about 400 people died each year in the united states because of holiday related fire autos tahoe ski resorts getting ready for a white christmas this year. with the first snow falling before thanksgiving the natural base is better than in past years. ski operations able to open more runs this holiday season, and they expect more snow to make this one of the best ski seasons in a decade. forecasters are saying two mo
to the weather and a deadly cold snap sweeping across eastern europe. freezing temperatures there have claimed more than 200 lives. ukraine has been hardest hit, it has been snowing there for weeks. at least 80 people have died in the ukraine, most of them homeless. in britain, it's the rain. devon in south west england just is one of the areas deluged by storms. even a christmas tree and a town center can not escape getting wet. what about the weather across the u.s. in the next couple of days? the holiday travel season is now under way, and a.a.a. expects more than 93 million americans to be on the move at some point, most of them by car. meteorologist jeff beradelli at our miami station wfor joins us. the next couple of days could affect travelers, could affect shoppers. what kind of weather are we going to see across the country? >> reporter: jim, it's mainly good news. it's pretty quiet across most of the united states right now, with the exception of the west coast. we have a big storm slamming into there. now tomorrow is going to be pretty quiet also across the united states, so travele
're seeing a spike in vix futures. it's indicating more volatility ahead. europe, largely taking the cues from here in the united states, and the news last evening about plan b. we are seeing a 1% loss in italy, germany is down by .9%. >> of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. an attempt by house speaker boehner to avoid that class and pass the so-called plan b tax bill. that failed. the measure that would have kept current tax rates for those making less than $1 million a year. it never even made it to the house floor. speaker boehner is scheduled to hold a news conference about an hour from now. of course, we'll bring that to you live. >> here we are. >> here we are once again. >> there was no real plan b. there was no real possibility of this. the republicans, the vast majority signed a pledge, they will not vote for tax increase. who would think they would suddenly turn around and vote for a tax increase. they pledged not to. >> the speaker said they might. >> i don't care. >> unless it's some sort of a pl
real changes and progress. >> europe in her state building shooting or a man killed another man in front of the empire state building months ago. nine people were injured near the empire state building. all of them were injured by police when they unloaded 16 rounds in the shadow of the empire state building after a disgruntled former apparel designer, killing at to engage in a gunbattle with police. paul barrett, and coulter said, only one policy is ever been tried to deter mass murder -- concealed carry laws. >> i don't know what she means by only one policy has been shown. i don't know what social science she is pointing to. the hard truth for people on both sides of this debate is the social science is inconclusive. the best studies that have been done on the proliferation of separatearry laws image anyone who wants to conceal-carry license can have one. the best research has been done at yale university that says, quite candidly, we can not tell. we cannot find a good association between the liberalization of those laws, the fact it is easier to carry guns concealed a publi
and they will be in gallery and museum. but may take time owes on deadline to create work for collector in europe and san francisco. in berkeley, abc 7 news. >> remarkable work. >> worried about finishing christmas shopping this holiday season? procrastinators are dominating [ female announcer ] here's to a whole world of happier holidays. time to enchant, delight and amaze. safeway will help you gather everyone round. a smoked, shank half ham is only 99 cents a pound. get breyer's ice cream for $2.88 and dessert will surely shine. make it a grand finale with starbucks just $6.99. turns out this season less is really so much more. so make your holiday merrier than ever before. safeway. ingredients for life. smoo rain cold returns. sandhya is here with the forecast. >> yes but we get a break right now as we look at live topler 7 hd. chill in the air as we look at the accu-weather 7 day forecastth slight chance of showers tomorrow. it is going to be a chilly start frosty morning for wed. temperatures dropping to the upper 20's coldest inland valley then rain coming in for thursday. mr. wet weather hea
.4% increase. most other investors in asia and europe posting gains over optimism. checking in on our numbers. the futures do point to a higher opening that follows pretty good gains yesterday. as we get closer to the extended christmas holiday for the markets. the dow jones starts today at 13,350. all three were up yesterday. >>> time now 5:20. the design competition for sprucing up ford mason has a winner. question tails on how -- details on how a dutch design team plans to do that. >>> it may look like a movie scene but this was real. whether the bed sheet escape from a city jail was success. >>> you can wake up with ktvu every morning. get the top stories sent straight to your cell phone every weekday morning 6:00 a.m.. get your ktvu morning news wake up call by texting the word wakeup to 70123. >>> five, four, three, two, one and liftoff. >> that wasn't your imagination. it did lift off a little more than an hour ago. three men lifted off. american astronaut tom max and his russian and canadian crew mates were launched from the launch pad that was used in 1961 by the first human to orbit
. in italy, in europe, a lot of italians are baying little red horns because little red horns ward off the so-called evil i didn't. and, then, putin is not worried at all, the russian president says he knows when the world is ending, 4.5 billion years away but he also said, today, and this is interesting, that life on earth will end before the world ends because the sun is going to turn into a little white dwarf. this has been a good crop of mushrooms this year. >>shepard: apparently. maybe he can slay a dragon. what left is nasa is left. >>jonathan: nasa made a video datelined the day after the apocalypse with this message. >> december 22, 2012. if you are watch this video, it means one thing: the world didn't end yesterday. >>shepard: it means they released it early. >>jonathan: nasa says there are no comets that will collide with the earth or nothing that will bun us up but they did it early which makes you wonder really they really are preparing and just wanted to put this out but if you want reliable evidence the world is not ending i talked to my brother in new zealand a short time ago
the situations in eastern europe and russia where most guns are banned. hasn't cut down on gun violence, however. as those countries have a higher murder rate than the usa. also the gun murder rate here in america has almost been cut in half in the past 20 years. talking points wants a sane country with smart public safety measures. do we need semiautomatic rifles to be easily available? that's a worthy debate. and there are strong points on each side. clearly we the people, have to take a tough look at our violent society and find some effective solutions without violating constitutional rights. a very difficult situation, but we have to try. that's a memo. now for the top story, reaction. joinings from phoenix, alan gottlieb, founder of the second amendment foundation, national rifle association, would not provide, would not provide a spokesperson this evening. so do you have any give at all? is there any area that you would compromise as far as new laws making it more difficult to obtain certain weapons? >> first, bill, let me say i thought your talk points were really excellent. >> thank you
were mainly back in those days focused on fighting the war in europe. >> harris: for people just joining us, general norman schwarzkopf has died. he led operation desert shield and desert storm which were the largest deployments of u.s. forces and equipment since the vietnam war and general scales you just mentioned president george h.w. bush is ailing in the hospital but we have just gotten a statement from the former president and i want to share it with our viewers if you are still with us. the former president says "barbara and i mourn the loss of a true american patriot and one of the great mill tare leaders of our generation. hailing from westpoint. general norman schwarzkopf to me epitomized the service the dallesty creed that served our great nation through this trying natural crises. a good and decent man and a good friend. barbara and i send our condolences to his from our family. this from president george h.w. bush ailing in the hospital but speaking out in his statement about the passing of general schwarzkopf. general scales, are you still with us by phone? did we l
in europe on the big 75% tax rate that the french wanted to pass for the rich. >> the breaking news that a french court said a 75% tax rate on individuals is unfair. so it has been rejected. the court court says unless you apply it to households it is not fair to single out individuals. that means 75% tax at this moment is not in effect. the french government and francois hollande says, it won't make any difference. we'll rewrite the law using new wording and we'll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. >> thank you. gregg: what will it mean if lawmakers fail to strike a deal? according to the tax policy center 90% of the americans would see a tax hike in 2013. 121 million people will be paying a whole lot more in payroll taxs. those are social security payroll taxs. families making between 40 and $65,000 a year will have to pay an extra two grand to the u.s. government. the more you make, boy, that number really accelerates. heather? heather: another devastating blow in t
headlines all over the world. conor powell begins with a financial crisis in europe. >> the eurozone continues with a huge financial hole. standard & poor's downgraded in nine countries in the union. financial ministers reaching an agreement on another greek bailout. a lot of trouble with debt ridden banks. europe demanding an end to stringent austerity measures that all this resulted in the eurozone going back into another recession. thirty-two people dead, including two americans off the coast of italy. when the cost of concorde a cruise ship runs aground >> more than 79 people killed and 8000 injured. a district court says that they would like to oust president hosni mubarak to life in prison. and mohammed morsi, of the muslim brotherhood party takes charge for it in november, he grants himself absolute power that brings thousands of protesters to the streets of cairo, egypt. three members of a russian all-female punk band stage a protest against vladimir putin are sent to jail for hooliganism. inciting worldwide protest and demand for the release. rupert murdoch launches into the
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